Can I retire at age 64 with 16,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,278,227
2 years$674,532$661,969$649,794$637,990$626,540$589,045
3 years$445,221$432,604$420,460$408,766$397,502$361,193
4 years$330,588$318,010$305,987$294,493$283,502$248,657
5 years$261,826$249,324$237,459$226,199$215,514$182,229
6 years$216,000$203,592$191,902$180,893$170,529$138,834
7 years$183,280$170,976$159,471$148,722$138,686$108,582
8 years$158,751$146,558$135,244$124,759$115,053$86,523
9 years$139,683$127,605$116,486$106,267$96,891$69,907
10 years$124,437$112,478$101,555$91,603$82,556$57,081
11 years$111,972$100,132$89,407$79,722$71,001$46,994
12 years$101,592$89,873$79,347$69,927$61,528$38,942
13 years$92,815$81,219$70,891$61,735$53,654$32,439
14 years$85,299$73,826$63,696$54,802$47,032$27,137
15 years$78,790$67,441$57,509$48,873$41,411$22,781
16 years$73,101$61,876$52,140$43,761$36,599$19,179
17 years$68,087$56,986$47,446$39,319$32,451$16,184
18 years$63,634$52,657$43,312$35,434$28,854$13,685
19 years$59,655$48,802$39,650$32,018$25,718$11,590
20 years$56,078$45,349$36,389$28,998$22,972$9,830
21 years$52,846$42,241$33,470$26,318$20,558$8,347
22 years$49,912$39,431$30,848$23,929$18,427$7,094
23 years$47,237$36,879$28,483$21,793$16,541$6,035
24 years$44,789$34,553$26,342$19,876$14,867$5,137
25 years$42,540$32,426$24,398$18,152$13,378$4,376
26 years$40,467$30,475$22,628$16,597$12,051$3,729
27 years$38,551$28,681$21,012$15,192$10,865$3,179
28 years$36,775$27,026$19,533$13,919$9,804$2,712
29 years$35,124$25,496$18,177$12,764$8,852$2,313
30 years$33,587$24,078$16,932$11,714$7,999$1,974
31 years$32,151$22,762$15,785$10,759$7,232$1,685
32 years$30,808$21,537$14,727$9,887$6,541$1,439
33 years$29,549$20,396$13,751$9,092$5,920$1,228
34 years$28,367$19,331$12,848$8,366$5,360$1,049
35 years$27,254$18,335$12,012$7,701$4,855$896
36 years$26,206$17,403$11,237$7,092$4,399$765
37 years$25,216$16,529$10,518$6,535$3,987$654
38 years$24,281$15,708$9,849$6,023$3,614$559
39 years$23,397$14,937$9,228$5,554$3,277$477
40 years$22,558$14,211$8,649$5,123$2,973$408
41 years$21,763$13,528$8,110$4,726$2,697$348
42 years$21,007$12,883$7,608$4,362$2,447$298
43 years$20,288$12,275$7,139$4,026$2,221$254
44 years$19,604$11,701$6,701$3,718$2,016$217
45 years$18,953$11,158$6,292$3,433$1,830$186
46 years$18,331$10,644$5,910$3,171$1,662$159
47 years$17,738$10,158$5,552$2,930$1,509$136
48 years$17,171$9,697$5,217$2,707$1,370$116
49 years$16,629$9,260$4,904$2,502$1,245$99
50 years$16,110$8,846$4,610$2,313$1,130$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,500,000, adding $4,934 every year, while hoping to spend $30,725 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/26/23 Blend
63$16,500,000$16,500,000$16,500,000$16,500,000
64$18,188,089$17,313,589$17,057,839$18,998,543
65$20,010,583$18,129,264$17,596,586$20,376,089
66$22,017,942$18,983,877$18,152,351$21,869,534
67$24,228,989$19,879,304$18,725,671$23,492,764
68$26,664,467$20,817,511$19,317,102$25,258,103
69$29,347,234$21,800,560$19,927,216$27,179,098
70$32,302,477$22,830,613$20,556,603$29,270,633
71$35,557,952$23,909,936$21,205,872$31,549,071
72$39,144,245$25,040,905$21,875,651$34,032,400
73$43,095,061$26,226,012$22,566,588$36,740,396
74$47,447,541$27,467,870$23,279,352$39,694,804
75$52,242,612$28,769,217$24,014,632$42,919,537
76$57,525,376$30,132,926$24,773,140$46,440,897
77$63,345,533$31,562,009$25,555,609$50,287,812
78$69,757,852$33,059,622$26,362,797$54,492,104
79$76,822,687$34,629,078$27,195,485$59,088,781
80$84,606,546$36,273,847$28,054,478$64,116,362
81$93,182,718$37,997,570$28,940,607$69,617,226
82$102,631,968$39,804,064$29,854,731$75,638,011
83$113,043,297$41,697,331$30,797,733$82,230,039
84$124,514,782$43,681,569$31,770,526$89,449,792
85$137,154,502$45,761,178$32,774,051$97,359,438
86$151,081,559$47,940,774$33,809,279$106,027,403
87$166,427,201$50,225,194$34,877,212$115,529,009
88$183,336,060$52,619,514$35,978,884$125,947,174
89$201,967,522$55,129,053$37,115,360$137,373,178
90$222,497,225$57,759,393$38,287,741$149,907,518
91$245,118,722$60,516,383$39,497,160$163,660,841
92$270,045,305$63,406,159$40,744,788$178,754,971
93$297,512,021$66,435,155$42,031,833$195,324,052
94$327,777,887$69,610,118$43,359,540$213,515,794
95$361,128,340$72,938,123$44,729,193$233,492,853
96$397,877,929$76,426,589$46,142,119$255,434,350
97$438,373,282$80,083,297$47,599,685$279,537,545
98$482,996,384$83,916,405$49,103,301$306,019,680
99$532,168,176$87,934,469$50,654,422$335,120,015
100$586,352,535$92,146,463$52,254,550$367,102,060